Briggs & Stratton (NYSE:BGG) Lowered to Strong Sell at ValuEngine
Separately, Zacks Investment Research raised Briggs & Stratton from a strong sell rating to a hold rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Briggs & Stratton presently has a consensus rating of Hold and a consensus target price of $17.50.
Briggs & Stratton stock opened at $4.94 on Friday. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $11.14. The company has a quick ratio of 0.50, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock has a market cap of $193.05 million, a price-to-earnings ratio of -15.44 and a beta of 1.08. Briggs & Stratton has a 12 month low of $4.27 and a 12 month high of $21.37.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Briggs & Stratton in the 2nd quarter worth approximately $41,000. Bank of Montreal Can raised its holdings in shares of Briggs & Stratton by 68.0% in the 2nd quarter. Bank of Montreal Can now owns 8,223 shares of the industrial products company’s stock worth $84,000 after buying an additional 3,329 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Briggs & Stratton by 14.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 10,268 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,292 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Briggs & Stratton by 96.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,828 shares of the industrial products company’s stock worth $128,000 after buying an additional 5,329 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Briggs & Stratton in the 1st quarter worth approximately $139,000. 83.99% of the stock is owned by institutional investors and hedge funds.
About Briggs & Stratton
Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.
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